U.S.: Woolen Yarn Market 2024

Woolen Yarn Market Size in the U.S.

In 2023, the U.S. woolen yarn market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption showed a pronounced decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Woolen Yarn Production in the U.S.

In value terms, woolen yarn production reduced to $X in 2023. Overall, production continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2022 when the production volume increased by X%. Woolen yarn production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Woolen Yarn Exports

Exports from the U.S.

In 2023, approx. X tons of yarn of wool were exported from the United States; shrinking by X% on the previous year. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, woolen yarn exports fell slightly to $X in 2023. In general, exports showed a mild curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X tons), Canada (X tons) and Panama (X tons) were the main destinations of woolen yarn exports from the United States, with a combined X% share of total exports. Mexico, the UK, Jamaica, Brazil and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Jamaica (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for woolen yarn exported from the United States were Costa Rica ($X), Canada ($X) and the UK ($X), with a combined X% share of total exports. Panama, Mexico, Brazil, Jamaica and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Jamaica, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average woolen yarn export price stood at $X per ton in 2023, therefore, remained relatively stable against the previous year. In general, export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, woolen yarn export price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into the U.S.

In 2023, the amount of yarn of wool imported into the United States reduced rapidly to X tons, which is down by X% against the year before. Over the period under review, imports showed a slight slump. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, woolen yarn imports contracted to $X in 2023. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then fell in the following year.

Imports by Country

Peru (X tons), Canada (X tons) and the UK (X tons) were the main suppliers of woolen yarn imports to the United States, with a combined X% share of total imports. India, Mexico, Turkey, Portugal, Italy, Lithuania, Bulgaria, Romania, New Zealand and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) constituted the largest supplier of yarn of wool to the United States, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports. It was followed by Mexico, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Mexico (X% per year).

Import Prices by Country

The average woolen yarn import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform